Profits jump 47% at RIM despite increased competition

WATERLOO, ON – As Research In Motion (RIM) prepares to launch the Playbook tablet next month, its fourth quarter revenues and earnings fell largely in line with forecasts.Canada's biggest technology firm reported that fourth quarter revenue grew 36% year-over-year to US$5.6 billion, which it brokedown as approximately 81% for devices, 16% for service, 3% for software and 3% for “other” revenue.Revenue for the fiscal year ended February 26, 2011 was $19.9 billion, up 33% from $15 billion last year, while net income for fiscal 2011 was $3.4 billion, up 47% over fiscal 2010.While RIM’s share of the global smart phone market has clearly...